Principal Financial Group Inc. Increases Stake in Hamilton Lane Inc. $HLNE

Key Points

• Principal Financial Group raised its stake in Hamilton Lane by 148.3% in Q4 to 1,085,850 shares, representing a 1.95% ownership worth about $145.8 million.
• Hamilton Lane beat Q4 expectations (EPS $1.55 vs. $1.28; revenue $198.6M, +18% YoY) and trades around $88.95 (down 3.7%) versus a consensus analyst price target of $155.38 (market view: Moderate Buy).

Principal Financial Group Inc. increased its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 148.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,085,850 shares of the company's stock after purchasing an additional 648,588 shares during the period. Principal Financial Group Inc. owned 1.95% of Hamilton Lane worth $145,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quarry LP boosted its holdings in Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company's stock worth $25,000 after buying an additional 179 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Hamilton Lane in the third quarter worth about $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Hamilton Lane by 347.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company's stock worth $27,000 after acquiring an additional 153 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company's stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. Finally, First Horizon Corp purchased a new position in shares of Hamilton Lane in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Trading Down 3.7%

Shares of HLNE opened at $88.95 on Thursday. Hamilton Lane Inc. has a 52-week low of $86.47 and a 52-week high of $179.19. The stock has a market cap of $4.96 billion, a PE ratio of 15.97 and a beta of 1.18. The firm's fifty day moving average is $99.78 and its two-hundred day moving average is $120.23. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.27. The business had revenue of $198.59 million during the quarter, compared to analysts' expectations of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The company's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. Research analysts forecast that Hamilton Lane Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HLNE has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on Hamilton Lane from $148.00 to $118.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 24th. UBS Group reduced their target price on Hamilton Lane from $184.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 20th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Morgan Stanley reduced their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised shares of Hamilton Lane from a "neutral" rating to an "overweight" rating and set a $166.00 price target on the stock in a research note on Thursday, April 16th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Hamilton Lane presently has an average rating of "Moderate Buy" and a consensus price target of $155.38.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

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